According
to a recently released TechSci Research report, “India Biometrics Market By Type,
By End Use Sector, Competition Forecast & Opportunities, 2012-2022”, India
biometrics market is projected to grow at a CAGR of 26% during 2017 - 2022. Anticipated
growth in the market can be attributed to the wide deployment of biometric
technology across various government projects such as Aadhaar program under
UIDAI coupled with the issuance of e-passports & visas, etc. Moreover,
increasing technological advancements across various end user sectors such as
banking & finance, energy & power, consumer electronics, etc., are also
anticipated to emerge as other major factors contributing to the growth of biometrics
market in the country. Increasing security concerns across various end user
sectors is also adding to the demand for biometric systems in India. Moreover,
with the mandatory deployment of biometrics technology for time &
attendance purposes in private as well as public offices, demand for biometrics
systems is likely to increase during the forecast period as well.

On
account of huge presence of IT/ITeS and manufacturing facilities coupled with rising
industrialization, the country’s southern region accounted for the largest share
in India biometrics market in 2016. However, it is anticipated that the country’s
western region would emerge as the fastest growing region during the forecast
period owing to increasing number of government initiatives aimed at providing
enhanced security & protection in cities like Mumbai and Surat. There has been an increase in the integration
of fingerprint recognition systems across various end user sectors over the past
few years, predominantly due to its low cost and easy deployment. Owing to this
reason, fingerprint biometrics segment was recorded as the largest biometric
technology segment in 2016, and the segment is expected to continue its
dominance during the forecast period as well. Further, deployment of iris, facial
and voice recognition systems is also expected to rise in the coming years
owing to increase in their adoption across various end use sectors. Increasing
implementation of biometric technology across government projects such as
National ID cards, e-passports, e-visas, voting processes, etc., makes the
government sector the largest end user sector in India biometrics market. Among
various global players operating in India biometrics market, IDEMIA emerged as the leading player in 2016.

“There has been an increase in adoption of
biometric systems across various end user sectors over the past few years and
this trend is likely to increase in the coming years as well on account of rising
demand for accurate authentication among diverse user segments. With the growing data and
identification frauds, there has been an increase in the need for some reliable
technology which could efficiently tackle these growing attacks. These ongoing
developments are expected to propel demand for different biometrics
technologies across various sectors in India over the next five years”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.

“India Biometrics Market By Type,
By End Use Sector, Competition Forecast & Opportunities, 2012-2022” has evaluated the future growth potential of
the India biometrics market and provides statistics and information on market
structure, size, share and future growth of India biometrics market. The report
intends to provide cutting-edge market intelligence and help decision makers to
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
present in India biometrics market.

Rising number of digitalization initiatives by the government coupled with growing demand for enhanced security, access control, prevention of data loss & identity theft to drive India biometrics market during forecast period